Building Collaboration Without Crisis

Posted on September 29, 2016 by iMFdirect

By Ian Bremmer and David Lipton

Versions: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)

Too often, a spirit of international cooperation evaporates just when it is most needed and most promising. And then, lack of cooperation leads to crisis; crisis belatedly forces cooperation; but that cooperation must begin with picking up the pieces.

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Filed under: Advanced Economies, Annual Meetings, China, Economic Crisis, Economic research, Emerging Markets, Europe, IMF, Inequality, International Monetary Fund, Middle East, U.S. | Tagged: , , , , , , , , , , , , , , , , , , , | Leave a comment »

The Whole Can Be Greater Than the Sum of its Parts

Posted on September 28, 2016 by iMFdirect

By Vitor Gaspar, Maurice Obstfeld and Ratna Sahay

There are policy options to bring new life into anemic economic recoveries and to counteract renewed slowdowns.  Our new paper, along with our co-authors, debunks widespread concerns that little can be done by policymakers facing a vicious cycle of (too) low growth, (too) low inflation, near-zero interest rates, and high debt levels.

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Filed under: capital markets, Economic research, Fiscal policy, Government, IMF, International Monetary Fund, monetary policy, Reform | Tagged: , , , , , , , , , , , , , , , | Leave a comment »

Tariffs Do More Harm Than Good at Home

Posted on September 8, 2016 by iMFdirect

maurice-obstfeld2By Maurice Obstfeld

Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語(Japanese), Русский (Russian), Español (Spanish)

A longstanding challenge for the global economy is the possibility that some countries compete for export markets through artificially low prices. Political leaders and pundits sometimes propose import tariffs to offset the supposed price advantages and exert pressure for policy changes abroad. What proponents often fail to realize is that such tariff policies, while certainly hurting their targets, can also be very costly at home. And surprisingly, the self-inflicted harm can be substantial even when trade partners do not retaliate with tariffs of their own. Continue reading →

Filed under: Advanced Economies, Asia, Economic outlook, Employment, IMF, International Monetary Fund, trade, U.S. | Tagged: , , , , , , , , , , , , , | Leave a comment »

China’s Rebalancing Explained in 6 Charts

Posted on September 6, 2016 by iMFdirect

By Longmei Zhang

Version in 中文 (Chinese)

The word “rebalancing” is often used to describe China’s economic transition. But what does it mean? And how much is China rebalancing? A recent IMF paper attempts to answer these questions.  Continue reading →

Filed under: Advanced Economies, aging, Asia, China, climate change, Financial markets, growth, Inequality, International Monetary Fund, Reform | Tagged: , , , , , , , , , , , , , | Leave a comment »

The Overwhelming Case for a Carbon Tax in China

Posted on July 27, 2016 by iMFdirect

By Ian Parry and Philippe Wingender

Version in 中文 (Chinese)

A single policy could do it all for China. A carbon tax—an upstream tax on the carbon content of fossil fuel supply—could dramatically cut greenhouse gases, save millions of lives, soothe the government’s fiscal anxieties, and boost green growth. Continue reading →

Filed under: Asia, China, climate change, health, IMF, International Monetary Fund, technology, trade | Tagged: , , , , , , , , , , , , , , , , , | Leave a comment »

In Transition: The Outlook for Latin America and the Caribbean

Posted on July 20, 2016 by iMFdirect

Event onlyBy Alejandro Werner

Versions in: Português (Portuguese),  Español (Spanish)

Following a rough start at the beginning of the year, both external and domestic conditions in Latin America and the Caribbean have improved. But the outlook for the region is still uncertain.

Commodity prices have recovered since their February 2016 trough, but they are still expected to remain low for the foreseeable future. This has been accompanied by a brake—or even a reversal—in the large exchange rate depreciations in some of the largest economies in the region.

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Filed under: Caribbean, Economic outlook, Emerging Markets, IMF, International Monetary Fund, Investment, Latin America, South America, trade, Transition | Tagged: , , , , , , , , , , , , , , , , , , , | Leave a comment »

Emigration Slows Eastern Europe’s Catch Up With the West

Posted on July 20, 2016 by iMFdirect

By Nadeem Ilahi, Anna Ilyina, and Daria Zakharova

(Versions in: Bulgarian, Czech, Estonian, Hungarian, Latvian, Lithuanian, Polish, Romanian, Russian, Serbian, and Slovenian)

The opening up of Eastern Europe to the rest of the world in the early 1990s brought about tremendous benefits. The inflow of capital and innovation has led to better institutions, better economic management, and higher efficiency. On the flip side, it has also led to sizable and persistent outflow of people.

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Filed under: Advanced Economies, Economic research, Employment, euro zone, Europe, growth, income, Inequality, International Monetary Fund, Migration, refugees, unemployment | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment »

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